DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.
Issue link: http://digital.dsnews.com/i/1496135
MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 70 J O U R N A L April 2023 The CFPB is also interested in hearing about people's direct experiences with these companies, including when individuals attempt to remove, correct, or regain control of their data. The request for information will be pub- lished in the Federal Register, and the public will have until June 13, 2023, to submit their comments. HUD ADDRESSES HOUSING GOALS IN PRESIDENT'S 2024 BUDGET T he U.S. Department of Housing and Urban Development (HUD) has released details about its fiscal year 2024 budget request. The Biden administration released the President's Budget for Fiscal Year 2024, the President's blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while ensuring no one making less than $400,000 per year pays more in taxes. "The President's 2024 Budget directly supports this historic Administration's goal of building a better America for all. For those of us at HUD, that means addressing homeless- ness with urgency and ensuring everyone in this country has access to quality affordable housing," HUD Secretary Marcia L. Fudge said. "The Budget invests in Americans at every station in life—from those seeking to purchase a home to those who receive HUD rental assistance—and will ensure families across the country can live in communities that are safe, affordable, and resilient." The 2024 President's Budget requests $73.3 billion for HUD, approximately $1.1 billion more than the 2023 enacted funding level. In addition, it requests $104 billion for new man- datory affordable housing investments. Specific housing-related goals in Biden's fiscal year 2024 budget include: » Expand the Housing Choice Voucher (HCV) Program and Enhance House- hold Mobility: Biden's FY 2024 Budget provides $32.7 billion, an increase of $2.4 billion over the 2023 enacted level, to maintain services for all currently assisted families and to expand assistance to an additional 50,000 households, particularly those who are experiencing homelessness or fleeing, or attempting to flee, domestic violence or other forms of gender-based violence. It provides further expands assistance to another 130,000 households with funding from HCV program reserves and $25 million for mobility-related supportive services to provide low-income families with greater options to move to higher-opportunity neighborhoods. » Increase Affordable Housing Sup- ply to Reduce Costs: To address the critical shortage of affordable housing in communities throughout the Nation, the Budget provides $1.8 billion for the HOME Investment Partnerships Program (HOME), an increase of $300 million over the 2023 enacted level, to construct and rehabilitate affordable rental housing and provide homeownership opportunities. In addition, the Budget provides $258 mil- lion to support 2,200 units of new perma- nently affordable housing specifically for the elderly and persons with disabilities, supporting the Administration's priority to maximize independent living for peo- ple with disabilities. "The President's 2024 Budget directly supports this historic Administration's goal of building a better America for all. For those of us at HUD, that means addressing homelessness with urgency and ensuring everyone in this country has access to quality affordable housing." —Marcia L. Fudge, HUD Secretary